University of Nairobi is broke, says Auditor-General

The University of Nairobi (UoN) is in a cash crisis triggered by low State funding and under-collection of internal revenue that has forced it to survive on commercial bank overdrafts, according to a special audit report.

Auditor-General Edward Ouko says as a result the university has fallen behind in paying statutory dues to the Kenya Revenue Authority, Pensions Scheme, National Hospital Insurance Fund, National Social Security Fund, Higher Education Loans Board and University of Nairobi Co-operative.